$155,180
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$28,225

Bonus

$19,597

Profit Sharing

$75,000

Commission

What am I worth?
How should I pay?

The average pay for a Vice President (VP) Of Product Development with Product Development skills is {{pay}} per hour.

The average pay for a Vice President (VP) Of Product Development with Product Development skills is $155,180 per year.

10%
$0.00
10%
$0.00
50%
$0.00
90%
90%
MEDIAN $0.00
10%
$97k
10%
$155k
50%
$221k
90%
90%
MEDIAN $155,180
$97,155 - $221,088
$97K
$160K
$220K
MEDIAN: $155,180
10%
50%
90%

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$0$267K
Salary $97,155 - $221,088
Bonus $5,817 - $64,469
Profit Sharing $2,878 - $77,735
Commission $75,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$100,886 - $267,582
  • Country: United States
  • Currency: USD
  • Updated: 24 May 2019
  • Individuals Reporting: 590

Job Description for Vice President (VP) of Product Development

Vice presidents (VPs) of product development are usually members of the upper-management team within an organization. This position is classified as a technology job and usually reports to the chief technology officer, the chief engineering officer, or another department leader. Vice presidents of product development usually have many employees who work under them and a group of managers who report in directly to them. Individuals in this position are responsible for managing all product development activities undertaken by the product development team. The objective of this position is to ensure that the product development team meets the needs of the organization and satisfies all customer requirements.

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Vice President (VP) of Product Development Tasks
  • Lead product development and production teams from initial inception to final product.
  • Guide product placement and pricing strategies.
  • Ensure that products meet the brand standards as well as consumer needs.
  • Conduct technical, competitive, and trend analysis to identify and evaluate potential products.

Vice President (VP) of Product Development Job Listings

Pay by Experience Level for Vice President (VP) of Product Development

Pay by Experience for a Vice President (VP) of Product Development has a positive trend. An entry-level Vice President (VP) of Product Development with less than 5 years of experience can expect to earn an average total compensation of $106,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP) of Product Development with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $139,000 based on 81 salaries. An experienced Vice President (VP) of Product Development which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $171,000 based on 135 salaries. A Vice President (VP) of Product Development with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $187,000 based on 92 salaries.

Key Stats for Vice President (VP) of Product Development

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.
1-4 years
6%
5-9 years
15%
10-19 years
42%
20 years or more
37%

Experience Affects Vice President (VP) of Product Development Salaries

▲8%

National Average
$174,000

▼2%

Mid-Career
▼20%

Entry-Level
▼39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

1-4 years
6%
5-9 years
15%
10-19 years
42%
20 years or more
37%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 82%
vision benefits
Vision: 75%
no benefits
None: 7%